13 pip movement on USDCAD expected

We expect a $95 movement on USDCAD within the next 2 hours. We expect USDCAD to trend downwards 2 hours following the NAB Business Confidence events in Australia release because the released value is > -7. A price movement of 13 pips is expected.

Historical events that allowed us to draw this conclusion

10 Oct 00:30

12 Sep 01:30

08 Aug 01:30

11 Jul 01:30

11 Apr 01:30